Vindicia Names Kris Nagel VP of Worldwide Field Operations

Vindicia, a leading provider of on-demand
payment management software, today announced the appointment of Kris Nagel
as vice president of worldwide field operations. Nagel will be responsible
for the overall direction and management of Vindicia's sales strategies and
operations.

Nagel joins Vindicia with over 20 years of sales management experience
building and leading sales teams in the software and telecommunications
industries. Previously, he was vice president of sales for Mu Security,
where he developed worldwide sales strategies and managed operations for
direct and inside sales. Nagel has also held positions as vice president of
sales at SS8 Networks, Traverse Networks and Responsys, Inc. Earlier he
held positions in sales management at Portal Software, culminating in his
appointment as vice president and general manager of the Americas.

"We're pleased to welcome Kris on board at this exciting time in our
expansion," said Vindicia CEO Gene Hoffman. "As Vindicia rapidly expands
its customer base, it was important to find an executive, like Kris, who
could successfully scale our sales organization. With a wealth of
experience in executive sales management and billing, Kris' background will
prove invaluable as we continue to establish Vindicia as a leader in the
online billing and fraud management market."

"I'm excited to be joining a company with such a clear and compelling value
proposition," said Nagel. "Subscription businesses continue to grow at a
remarkable rate and Vindicia's recent success with Intuit, Symantec and
FireSky speaks to the caliber of company looking to capitalize on new

online market opportunities. I look forward to further expanding on
Vindicia's success across a wide range of applications and industries."

About Vindicia

Vindicia offers an integrated, on-demand billing and fraud management
solution for online merchants. Vindicia CashBox is a best-of-breed billing
system for creating and managing recurring and real-time payments and helps
merchants improve customer retention and maximize profit. Vindicia
ChargeGuard provides automated fraud screening and chargeback management
services that enable merchants to recover lost revenue. A PCI Service
Provider Level 1 company and SAS 70 Type 2 audited, Vindicia is a key
payment management resource for some of the best-known brands on the
Internet. For more information, visit www.vindicia.com.